How many team member are needed for 1.5 million dollar purchase deal from a company and what type of personnel?

Any due diligence review should cover feasibility study based on following parameters:

Technical,

Financial,

Legal,

Technological, and 

Environmental.

Therefore, the team should comprise of members having expertise in abovementioned parameters

You will require a chartered accountant , a production manager, a sales manager and chief engineer and an actuarial analyst

or a $1.5 million purchase deal from a company, the team size and types of personnel involved will depend on several factors, including the complexity of the deal, the industry, and the company's internal structure. However, a general outline of the key personnel needed could be as follows:

• Sales/Business Development:
  • Number: 1-2
  • Role: Responsible for client communication, deal negotiations, and closing the contract.
• Finance/Accounts:
  • Number: 1
  • Role: Ensures financial viability, manages the payment terms, taxation, and credit risk.
• Legal:
  • Number: 1
  • Role: Reviews and drafts contracts, ensures compliance with regulatory requirements, and mitigates legal risks.
• Operations/Procurement:
  • Number: 1-2
  • Role: Ensures that the product or service delivery terms are feasible and aligned with the company's supply chain capabilities.
• Technical/Engineering (if applicable):
  • Number: 1-2
  • Role: Provides technical insights into the product or service being purchased, ensuring it meets specifications.
• Project Management:
  • Number: 1
  • Role: Oversees the overall deal, coordinates between teams, and ensures timely delivery and execution.
• Quality Control/Assurance (if applicable):
  • Number: 1
  • Role: Ensures that the product or service meets the required quality standards before final acceptance.

• Risk Management:
  • Evaluates potential risks and develops mitigation strategies.
• Compliance:
  • Ensures adherence to regulatory standards and industry-specific rules.

• Typically, a team for a deal of this size would range from 6-10 people, depending on the company's internal structure and complexity of the deal

Finance & Accounts team,

Procurement Manager

Financial analyst

Bid Specialist

Normally, a team consisting of the following would be required for a $1.5 million acquisition deal:

1. Field Workers: In charge of gathering market data.
2. Chief Engineer: Examines the information and offers opinions on how feasible the purchase is.

3. Financial Analyst: Evaluates the purchase's financial effects by taking the allotted budget and anticipated gross profit into account.
4. Procurement Officer: Manages the real buying procedure, settling conditions and closing the agreement.
5. Project managers oversee the entire process, ensuring that team members coordinate and that tasks are completed on time.

Every member of the team is essential to the decision-making process since they make sure the purchase is in line with the financial and organizational goals of the company.

finance team.

purchasing and selling team.

risk analysist

management team

This all Depends on the nature of the company, procedure, size of industry usually there are different departments and personnel involves to purchase such as approval, research, acceptance delivery etc.

But as per sinario we can assume 5 personal are required.

1. Field person who can collect market data and research to related deal.

2. Market Analyst who can analyse market trend, price

3. Budget analysit who will evaluate the feasibility of 1.5Million Dollar purchase

4. Chief Engineering who will ensure viabilty of urchase on the basis of analysis provided.

5. Decision making Team

Depending on nature, complexity and size of industry, we can deligate the responsibilities to personnels in different departments, this will helps to take decisions based on different experience personnels.

It will need at less to(5)persons include: infinance, purchasing and sales professional depend on type of business.

 personnels from each of the department becouse, they will share an experience  and contributed their role according to the purchase order.

WITH CONSIDERATION TO SITUATIONAL FACTORS, FIVE MEMBERS FROM THE DIFFERENT FUNCTIONAL DEPARTMENTS